SD Guthrie's Q3 profit falls 17pct, revenue eases 0.3pct
KUALA LUMPUR: SD Guthrie Bhd's net profit dropped 17.3 per cent to RM773 million in the third quarter ended Sep 30, 2026 from RM935 million a year ago.
SD Guthrie Bhd's net profit dropped 17.3% in Q3 2026 to RM773 million, down from RM935 million a year earlier. The company blamed lower earnings from the industrial development, midstream, and downstream segments. Revenue fell 0.3% to RM5.39 billion, compared to RM5.41 billion in the same period last year. Finance costs increased 121% year-on-year due to loan drawdowns to redeem a RM2.2 billion perpetual sukuk.
On a comparable basis, finance costs were RM8 million lower than the RM50 million in funding costs recorded a year earlier. The midstream segment's earnings dropped to RM99 million, while the downstream segment's pre-tax profit fell to RM1 million. The industrial segment's pre-tax profit rose 48% to RM81 million, driven by higher average realized prices of crude palm oil and palm kernel.
Overall, the group logged higher earnings of RM2.32 billion for the nine-month period, while revenue came in lower at RM15.03 billion. SD Guthrie presented its midstream and downstream businesses into separate reporting segments from FY2026. Chairman Tan Sri Nik Norzrul Thani Nik Hassan Thani expressed confidence in the new leadership's strategy and vision for growth.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
